Brand name drugs are typically more expensive than generics, but there can be a variety of reasons why this is the case. Brand name drugs are created by pharmaceutical companies and must go through a rigorous approval process with the Food and Drug Administration (FDA) before they can be marketed. Generic drugs, on the other hand, are copies of brand name drugs that have been around for at least two years and have been shown to be bioequivalent to the original product.

One reason why brand name #drugs may be more expensive is that pharmaceutical companies incur significant research and development costs in order to bring their products to market. In addition, they often spend millions of dollars on marketing and advertising their products. Generic drug manufacturers, by contrast, do not typically have these same costs since they are simply copying an existing product.

Another reason for the higher cost of brand name drugs may be that pharmaceutical companies enjoy patent protection for their products – this means that no other company can produce a generic version until the patent expires. Generic drug manufacturers, however, do not typically enjoy this same level of protection which allows them to compete with branded products from day one.

Despite these potential cost advantages, generic medications remain significantly cheaper than their branded counterparts in most cases. This is because generic manufacturers operate on much smaller profit margins than pharmaceutical companies which allows them to offer lower prices without sacrificing quality or safety
#health
Brand name drugs are typically more expensive than generics, but there can be a variety of reasons why this is the case. Brand name drugs are created by pharmaceutical companies and must go through a rigorous approval process with the Food and Drug Administration (FDA) before they can be marketed. Generic drugs, on the other hand, are copies of brand name drugs that have been around for at least two years and have been shown to be bioequivalent to the original product. One reason why brand name #drugs may be more expensive is that pharmaceutical companies incur significant research and development costs in order to bring their products to market. In addition, they often spend millions of dollars on marketing and advertising their products. Generic drug manufacturers, by contrast, do not typically have these same costs since they are simply copying an existing product. Another reason for the higher cost of brand name drugs may be that pharmaceutical companies enjoy patent protection for their products – this means that no other company can produce a generic version until the patent expires. Generic drug manufacturers, however, do not typically enjoy this same level of protection which allows them to compete with branded products from day one. Despite these potential cost advantages, generic medications remain significantly cheaper than their branded counterparts in most cases. This is because generic manufacturers operate on much smaller profit margins than pharmaceutical companies which allows them to offer lower prices without sacrificing quality or safety #health
24HEALTHGOODS.COM
Brand name drugs versus generics – brief comparison
Generic drugs are just as good as brand name drugs. They both have the same ingredients, and they work the same way in your body.
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